LN 179 of 2016 – Investment Aid for High-Efficiency Cogeneration Regulations, 2016
A new tax credit or a cash grant may be given to small, medium-sized or large
undertaking, provided certain conditions are satisfied.
Where Malta Enterprise is satisfied that an undertaking carrying on or intending to carry
on an activity that may contribute to the economic development of Malta, requires
assistance to support the development of training programmes and their implementation,
relating to the activities carried out by that same undertaking, which training programmes
can increase the skills and expertise of its employees or assist such employees in
acquiring new skills, Malta Enterprise may provide such an undertaking with a tax credit
or a cash grant, in accordance with the terms and conditions set out in the Guidelines.
In order to qualify for the above-mentioned assistance, the undertaking shall be a newly
established undertaking or an undertaking that has employed at least five (5) employees
on full time basis for the last two (2) fiscal years.
Provided that, for the purposes of this sub-regulation, "newly established undertaking"
shall have the meaning attributed to it in the Guidelines.
The above-mentioned assistance shall not exceed –
(a) seventy per cent (70%) of the eligible costs in the case of an undertaking which
qualifies as a small undertaking;
(b) sixty per cent (60%) of the eligible costs in the case of an undertaking which qualifies
as a medium-sized undertaking;
(c) fifty per cent (50%) of the eligible costs in the case of an undertaking which qualifies
as a large undertaking.
Provided that the total amount of above-mentioned assistance that may be granted to an
undertaking shall not exceed the amount of one million Euro (€1,000,000) in accordance
with the terms and conditions set out in the Guidelines.
Applications for assistance under these regulations shall reach the Corporation by not
later than the 31st October, 2020.